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Download PRMIA : 8008 Questions & Answers as PDF & Test Software

Last Updated: Sep 05, 2026

No. of Questions: 359 Questions & Answers with Testing Engine

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Go To 8008 Questions

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Reliable & Actual Study Materials for 8008 Exam Success

Our Online Test Engine & Self Test Software of TestSimulate 8008 actual study materials can simulate the exam scene so that you will have a good command of writing speed and time. Then multiple practices make you perfect while in the real PRMIA 8008 exam. The package practice version will not only provide you high-quality 8008 exam preparation materials but also various studying ways.

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Syllabi change, and so do exams — PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition is no exception. TestSimulate refreshes its 8008 practice questions throughout 2026, and 365 days of free updates keep all 359 questions aligned with the current exam.

PRMIA 8008 Exam Overview:

Certification Vendor:Professional Risk Managers' International Association (PRMIA)
Exam Name:PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition
Exam Number:8008
Passing Score:60%
Related Certifications:PRM Certification - Exam II (Mathematical Foundations of Risk Management)
PRM Certification - Exam IV (Case Studies; Governance, Best Practices and Ethics)
PRM Certification - Exam I (Finance Theory, Financial Instruments, Financial Markets)
Exam Price:Vendor member / non-member pricing varies; exam authorisation included in PRM programme fee managed via PRMIA/Pearson VUE
Real Exam Qty:Approx. 60 (multiple choice format)
Exam Duration:120 minutes
Certificate Validity Period:PRM certification validity requires passing both required exams within 2 years
Available Languages:English
Exam Format:Multiple Choice Questions
Sample Questions:PRMIA 8008 Sample Questions
Exam Way:Computer-based testing via Pearson VUE at testing centres or online proctoring.
Pre Condition:Must be enrolled in the PRM certification programme; meeting PRMIA experience/education prerequisites per PRM designation requirements.
Official Syllabus URL:https://prmia.org/Public/Public/PRM/PRM_Exam_Preparation_Resources.aspx

PRMIA 8008 Exam Syllabus Topics:

SectionObjectives
Market Risk- Market Risk Measurement Techniques
- Market Risk Models and VAR
Asset-Liability Management (ALM)- Interest Rate Risk in the Banking Book
- Liquidity and Funding Risk Management
Funds Transfer Pricing (FTP)- FTP Framework and Methodologies
- FTP Implementation and Governance
Credit Risk- Credit Risk Mitigation and Management
- Credit Risk Analysis and Measurement
Operational Risk- Operational Risk Measurement and Controls
- Operational Risk Identification and Assessment
Risk Management Frameworks- Enterprise Risk Management Principles
- Governance and Risk Culture
Counterparty Risk- Pre-Settlement and Settlement Risk
- Counterparty Exposure and Collateral Management

Everything Candidates Ask About PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition

The 8008 exam, officially titled PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition, is the qualifying exam for the PRM Certification certification, which sits at the Professional Risk Manager (PRM) – Part of PRM exam sequence level. Earning it shows employers that you have the skills the credential stands for, and it is a solid step forward on a PRMIA career path. It also connects to PRM Certification - Exam I (Finance Theory, Financial Instruments, Financial Markets), PRM Certification - Exam II (Mathematical Foundations of Risk Management), PRM Certification - Exam IV (Case Studies; Governance, Best Practices and Ethics), so the effort you put in now keeps paying off as you advance.

The 8008 exam gives you Approx. 60 (multiple choice format) questions to complete within 120 minutes. Do the math before exam day: divide the total time by the question count to set a steady per-question pace, and flag any item that stalls you so you can return to it after securing the easier points. The most reliable way to build that rhythm is a full timed practice test under the same limit, which is exactly what TestSimulate's test engines are designed for.

The passing score for PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition is 60%, and the official registration fee is Vendor member / non-member pricing varies; exam authorisation included in PRM programme fee managed via PRMIA/Pearson VUE. Keep in mind that a retake means paying that fee again in full, which makes an honest self-check worthwhile: before you book, sit a timed practice test and make sure you are consistently scoring above the passing line with some margin to spare.

According to the official requirements: Must be enrolled in the PRM certification programme; meeting PRMIA experience/education prerequisites per PRM designation requirements.. Eligibility rules do change from time to time, so confirm the current details on the official exam page before you register.

Yes — TestSimulate offers a free PDF demo of the PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition material, so you can review the question style and answer quality before you spend anything. After purchase, you also receive 365 days of free updates, and if your product expires you can extend the update service at a 50% discount from your member zone.

If you take the corresponding exam within 60 days of your purchase and do not pass, you are covered by the 100% Money Back Guarantee under clear conditions. To claim a full refund, submit a scan of your exam enrollment slip and your official Score Report PDF within two days of the exam; requests are processed within seven days. Note that sitting the exam within three days of purchase is not eligible, purchases that were never followed by an exam sitting do not qualify, free materials and expired orders are excluded, and the candidate name must match the payer name. Prefer an exchange instead? You can swap your product for two free exam packages of equal value and keep your update service. Delivery is immediate: your 8008 material is ready for instant download and is also emailed to you within one minute of payment — contact customer service if nothing arrives within two hours. There is no limit on the number of computers you can install it on.

The current PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition syllabus is organized into 7 exam domains. The first three are:

  • Operational Risk
  • Funds Transfer Pricing (FTP)
  • Asset-Liability Management (ALM)

For the full domain and subtopic breakdown, see the Exam Topics section above — that is the outline your TestSimulate practice questions are mapped to.

PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition Sample Questions:

Question 1

A bank extends a loan of $1m to a home buyer to buy a house currently worth $1.5m, with the house serving as the collateral. The volatility of returns (assumed normally distributed) on house prices in that neighborhood is assessed at 10% annually. The expected probability of default of the home buyer is 5%.
What is the probability that the bank will recover less than the principal advanced on this loan; assuming the probability of the home buyer's default is independent of the value of the house?

A. More than 5%
B. Less than 1%
C. 0
D. More than 1%


Question 2

Which of the following is not an approach used for stress testing:

A. Algorithmic approaches
B. Monte Carlo simulation
C. Hypothetical scenarios
D. Historical scenarios


Question 3

The CDS quote for the bonds of Bank X is 200 bps. Assuming a recovery rate of 40%, calculate the default hazard rate priced in the CDS quote.

A. 0.80%
B. 3.33%
C. 5.00%
D. 2.00%


Question 4

Under the contingent claims approach to credit risk, risk increases when:
I. Volatility of the firm's assets increases
II. Risk free rate increases
III. Maturity of the debt increases

A. I, II and III
B. I and III
C. II and III
D. I and II


Question 5

Once the frequency and severity distributions for loss events have been determined, which of the following is an accurate description of the process to determine a full loss distribution for operational risk?

A. A firm wide operational risk distribution is generated using Monte Carlo simulations
B. The frequency distribution alone forms the basis for the loss distribution for operational risk
C. A firm wide operational risk distribution is generated by adding together the frequency and severity distributions
D. A firm wide operational risk distribution is set to be equal to the product of the frequency and severity distributions


Solutions:

Question 1
Answer: B
Question 2
Answer: B
Question 3
Answer: B
Question 4
Answer: B
Question 5
Answer: A

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